Description
Kotak Mahindra Mutual Fund launches the Kotak Multi Factor Passive FOF NFO with SIP facility on BSE StAR MF Platform from February 27 to March 13, 2026, with tentative allotment on March 20, 2026.
Summary
BSE has informed its members that Kotak Mahindra Mutual Fund is launching the Kotak Multi Factor Passive FOF as a New Fund Offer (NFO) with SIP facility on the BSE StAR MF Platform. The NFO subscription window runs from February 27, 2026 to March 13, 2026, with tentative unit allotment on March 20, 2026.
Key Points
- NFO period: February 27, 2026 to March 13, 2026
- Two plan variants available: Regular Plan – Growth (ISIN: INF174KA1ZH4) and Direct Plan – Growth (ISIN: INF174KA1ZG6)
- Both plans fall under the Equity scheme category
- Tentative allotment date: March 20, 2026
- Lumpsum purchases on BSE StAR MF Platform extended till midnight on March 13, 2026
- SIP/XSIP registration authentication must be completed by clients before 3:00 PM on the NFO closure date
- Transactions for which clients have not initiated funds by 9:00 AM on T+1 day will be cancelled; CC with N flag will be reported to RTA/AMC
- Pending transactions (where payment has been initiated) will remain in the system till 3:00 PM on the last day of funds payout to the AMC, or T+5, whichever is earlier
Regulatory Changes
No new regulatory changes introduced. This circular follows standard BSE StAR MF NFO operational procedures.
Compliance Requirements
- Members must ensure client funds are initiated before 9:00 AM on T+1 day to avoid transaction cancellation
- Clear funds must be available in the ICCL Account by 6:00 PM on March 18, 2026 to be eligible for unit allotment
- Cheques and OTM payments are acceptable during the NFO period, subject to receipt of clear funds in the ICCL account by the above deadline
- Switch transactions: Funds from the switch-out scheme must be received before the NFO allotment date; funds received on or after the allotment date will not be considered for allotment
- SIP/XSIP clients must complete authentication before 3:00 PM on March 13, 2026
Important Dates
| Event | Date |
|---|---|
| NFO Opens | February 27, 2026 |
| NFO Closes | March 13, 2026 |
| Lumpsum purchase extended till | Midnight, March 13, 2026 |
| SIP/XSIP authentication deadline | 3:00 PM, March 13, 2026 |
| Clear funds deadline in ICCL Account | 6:00 PM, March 18, 2026 |
| Tentative Allotment Date | March 20, 2026 |
Impact Assessment
This is a routine NFO launch notification with limited market impact. It is relevant primarily to BSE member brokers and their clients who wish to invest in the Kotak Multi Factor Passive FOF. The scheme is an equity fund-of-funds with passive investment strategy. Members should communicate the payment and SIP authentication deadlines to their clients to avoid cancellations. No systemic or broad market implications are expected.
Impact Justification
Routine NFO launch notification for a single mutual fund on BSE StAR MF platform; affects only members and investors interested in this specific scheme with no broad market or regulatory impact.